Zhong An Real Estate postponed its synthetic renminbi deal on Monday, driven by fears over recent supply and recent government measures to cool China’s property market. The company will talk to key investors after Chinese New Year and then decide whether it wants to make a second attempt at a deal.

The strength of Europe’s high yield market was showcased this week when Swissport, Fresenius Medical Care and Priory Group priced blowout deals. And the trend is unlikely to relent in the near future, said bankers.

Russian telecommunications company Vimpelcom priced its first Eurobond since 2008 on Wednesday. Demand for the dual tranche $1.5bn deal was so great that it pulled the company’s outstanding curve 20bp tighter.

Anheuser-Busch InBev exploited limited supply in the US investment grade market this week with a $1.65bn offering that was more than six times subscribed. The company issued its five and 10 year bonds at a discount to outstanding debt and added a three year FRN to meet an investor request.

Spanish and Portuguese corporates shrugged off their sovereigns’ credit woes this week as investors stampeded for their debt, throwing Eu20bn of orders at just two of the five investment grade benchmarks on offer from the region — Iberia’s first since early October.

Nestlé Holding’s rarity value, the market’s clamour for corporate paper and a lack of supply in the currency led to the borrower doubling the size of a Norwegian krone transaction it priced on Thursday. The deal was Nestlé’s first in the currency since last June.

BNP Paribas has hired Stan Hartman as a high yield syndicate manager in its debt capital markets syndicate team. His recruitment is part of a larger trend as banks build up their teams in anticipation of a growth of junk bond issuance from European firms.

San Miguel Energy Corp raised $300m in the international bond market at the end of last week, overcoming a lack of good comparables to sell a bond that fell in early secondary trading but started to bounce back near the end of the week.

Bank of Moscow this week became only the second Russian borrower to sell debt in Singapore’s bond market, raising S$150m ($117.2m) from a deal that offered investors a big premium over VTB Bank’s market-opening issue last year.

Russian telecommunications company Vimpelcom priced its first Eurobond since 2008 on Wednesday. Demand for the dual tranche $1.5bn deal was so great that it pulled the company’s outstanding curve 20bp tighter.

Germany’s Fresenius Medical Care sold a Eu775m equivalent high yield bond on Wednesday. The deal’s euro tranche was issued with one of the lowest coupons ever seen in Europe’s junk bond market, as strong demand among investors shows no sign of waning.

The offshore renminbi market continued its rapid expansion this week, as borrowers from opposite ends of the credit spectrum — supranational lender International Finance Corp and mainland department store operator PCD Stores — sold their own deals and more issuers lined up to tap the market.

Chinese department store operator PCD Stores became the latest issuer in the Hong Kong renminbi market this week, when it raised Rmb750m ($113.9m) from a three year deal. The company had also considered selling a five year tranche, but scrapped the idea after investors flocked to the shorter-dated issue.

Europe’s investment grade bond market burst into life on Tuesday as four borrowers launched benchmark deals. Among them was Energias de Portugal, which was set to price a heavily oversubscribed Eu750m five year note in the afternoon.

The last two weeks have marked a turning point for the peripheral eurozone’s corporate borrowers. Investors are more willing than at any stage since the Greek crisis to judge them on their standalone merits. Of course, a hot European corporate bond market helps.